Confidentiality Agreement Form F# 9r2: Fill & Download for Free

Wow.. This question popped on right day to me. Today I am going to talk to my present boyfriend who earns less than half my salary about making or breaking this relationship. Let me give you details.Me : Indian Girl. Age 29. Salary:24lpaI have been in and out of dating for some years and in the period, I have had three major relationships. All three earned substantially less than me.1st boyfriend(No Job): We were in relationship for 4 years. After college, he couldn’t hold onto a job for more than 3 months. I still hoped things would get better. I had already talked to parents that I will marry him or none. All we were hoping for is for him to get a job and hold onto it. I was then earning around 9lpa. The money was used to fuel or relationship Love is blind you see. His abusive behaviour, his incapability of forming healthy relationship with people, nothing counted. Alas, as fate would have it, he cheated on me and things came to an end and that’s that.2nd boyfriend(No Job/contractor position): It took me another 4 years to get over him before I could think of someone else. Then came this guy.. Super down to earth, intelligent as F**k, college dropout, not working and a real geek. We clicked instantly. I used to be his weapon to navigate through real life and he would expose me to the worlds I didn’t know existed. He worked as contractor and earned meagre. When he didn’t have a job but had max’d out his credit card buying things for his electronics or software experiments,I helped him by getting him stuff . My salary then : 15lpa. He felt I was too caring and he couldn’t pay me back and pushed me away (Yes, this stuff happens and no, i never asked that money back till today).3ed Boyfriend(6lpa): And current one. He is as charming as one can be.. He respects me, supports me, has been with me through thick and thin and is kind of person more than I deserve. But as I said, he isn’t happy with his financial situation. He wants me to see other guys because he thinks he isn’t being fair by asking me to wait and he doesn’t want to commit because he isn’t financially stable. Today we are gonna decide about us.These are major things I have noticed when I date people who earn less than me.They are so insecure that they either turn abusive or they push me out of their lifeThey use financial instability as reason for not sticking around longer.Now tell me. Why would go again for a guy who earns less than me?Edit:Since many have asked me the reasons for anon, here goes.I have workmates following me in quora and since my package details are exposed in this answer, it will violate the confidentiality agreement. Also creates unhealthy environment at workI also have relatives following who already torture my parents that their 29 year old daughter is unmarried. If they get even an inkling of my relationships, they will shame my parents to hell.

Legally required:Pay your taxesIncome tax: Understand the tax effects of allocation of purchase price, plus ordinary income, capital gains, tax free reorganizations, etc.Bulk sale doctrineAcquire the legal right to sell your business: (a) provide proof of ownership, (b) obtain valid consent from shareholders/partners/LLC members in company resolutions, documents or agreements.Obtain third party approval (e.g., landlord, clients, vendors, etc.)Advise government, officials or agencies (if necessary)Here’s what is not legally required, but very smart and common to implement:Advise your insurance agent, accountant, lawyer, banker, professionalsNegotiate the terms of purchase in the form of a letter of intent or term sheet.Due DiligenceDocument the TransactionClose the F*ing Deal (and most importantly, get paid)Let’s review from the perspective of the seller (“you”):Negotiate Terms of PurchaseYou should prepare your business for sale and get an idea of the fair market valuation of the company, what the terms of sale will look like, and how you want to go about selling the company. You can list it with a broker or use some other form of advertisement to communicate to potential buyers that it is for sale. Interested buyers and brokers will want to discuss a variety of terms that will eventually be a part of any sales transaction. Here are some of the terms you will have to consider:Purchase price. You can anticipate that potential buyers will want to negotiate a lower price from the price at which you advertise your business. Keep in mind that negotiated items can affect the purchase price, so if you have a hold-back account or earn out, this can lower the purchase price. The asking price should be flexible enough to accommodate a healthy negotiation process. Having an independent business appraisal will give credibility to and context to your asking price.Terms of financing and interest. The purchase price can be paid in a lump sum cash payment or it can be stretched out over time. Often small business owners have to finance a portion of the purchase price. Financing the purchase price typically requires a promissory note along with some form of security agreement with collateral pledged against the future payment of the note. The state you are in may regulate the amount of interest you can charge.Representations and warranties. Both the buyer and the seller will want to make certain representations and warranties to each other. A representation is a true and accurate statement of facts and a warranty is a promise that the facts as presented are true. For example, the seller will represent and warrant that he or she is the legal owner of the business and is authorized to sell it. The buyer will represent and warrant that he or she is authorized to enter into the transaction and that the agreement is enforceable. Sometimes sellers or buyers will try to represent and warrant future promises or facts, but those are not representations or warranties. Those are called “covenants” or promises.Lease. If you have a lease on office space, your buyer will probably want to take over the lease. This can be done through a sub-lease arrangement or by negotiating a new lease with the landlord.Negotiate LOI or Term Sheet. After you have gone through the process of negotiating the basic terms of selling your business, the seller and the buyer will sign a document that briefly outlines those terms. This is called a “letter of intent.” It is usually a non-binding binding contract but not always. For example, you could ask for a Good Faith Deposit (an enforceable covenant) or a confidentiality clause. This helps to keep track of what has already been negotiated. This document makes it easier to produce the final purchase agreement.NDA/Confidentiality. Unless and until a final definitive agreement is signed, there is nothing to prevent the potential buyer from raiding your company secrets. To prevent a potential competitor from stealing your trade secrets, it’s important that you take reasonable steps to keep your secrets protected: By either having them sign an non-disclosure agreement (“NDA”) or confidentiality agreement or giving them only the general nature of your trade secrets or confidential information. However, finances will usually need to be disclosed so you should almost always get an NDA signed that will protect your disclosures.Due DiligenceOnce you have a bona fide buyer who has signed a confidentiality agreement and a letter of intent (or term sheet), they will want some time to inspect your business to make sure everything you have represented checks out. This is called the due diligence period and it gives the buyer the opportunity to inspect the physical and economic state of your business including the building, equipment, inventory, and employees, as well as the financial records, agreements, and company books. In order to ensure a smooth transition for the new buyer, you want to make sure that you disclose everything up front. The following is a list of items you should be prepared to make available to a serious buyer:Company books which include corporate records of organization, meeting minutes, company resolutions, ownership certificates, certificates of good standing, and records of company structureFinancial records and tax returns including profit and loss statements, and balances sheetsMaterial contracts with vendors, suppliers, clients, customers, distributors or any other ongoing business relationship that is a critical part of your businessAccounts receivable reports that detail the future payments the company expects to receive from transactions that have closed prior to the sale of the businessValuation report prepared by a CPA or business appraiser that justifies your offer for the business and gives context to the buyer for understanding how the price was determined.In addition to inspecting records and physical facilities of your business, a prudent buyer will want to contact business partners who have experience doing business with you. This might include speaking with vendors, customers, distributors, or other business partners to assess the strength of the various business relationships. If there are skeletons in the closet of your business it is a good idea to deal with them in a straightforward and honest manner. The more information the buyer has about potential problems the better equipped they will be to handle those problems after you close the transaction.Document the TransactionThe sale agreement is usually called a “Purchase Agreement” or “Purchase and Sale Agreement.” This is the primary legal document used for the acquisition of a business. The purchase agreement outlines all of the details of the sale and mirrors the letter of intent or term sheet. Depending on how you structure this transaction you may also need a bill of sale, promissory note, security agreement, stock transfer certificate, and company resolutions. The purchase agreement should include all of the following:the parties (who is the buyer/seller and the business)whether this is a sale of business assets or an entity salethe purchase price and method of paymentearn out, seller financing or lump sum saleactions that the buyer and seller must take prior to closingthe closing daterepresentations and warranties of the buyerrepresentations and warranties of the sellerindemnificationcovenants (e.g., non-compete and confidentiality)default provisions for sales involving seller financingboilerplate legal provisionsexhibits of other relevant documents such as bill of sale and promissory note.Close the F*ing DealOften times sellers are in a rush to get the sale through and buyers want to take their time. As a seller, you should be diligent but firm. Keep a realistic closing date in mind but at the same time DON’T DELAY. Any delay could result in the buyer walking away. A new competitor enters the market? Your building blows up? Have a bad quarter and need to release those results to the buyer? Something weird happens to the business at the 11th hour? This happens ALL THE TIME!! So, without trying to instill a level of too much panic and adrenaline into your system, you should proceed diligently as time is of the essence. The only time you should relax is when the deal is inked (or docusigned), the check clears and you are past any point in time when a rep or warranty could come back to haunt you. That’s when you celebrate.

Here are some good Founder Stock Purchase Agreements for Delaware Corporations:OrrickUpCounselThere are other related documents as well that you will most likely need when forming your company:83(b) ElectionIP Assignment AgreementConfidentiality and Invention Assignment Agreement25102(f) fling if in CACapitalization tableFull disclosure, I am a Co-Founder of UpCounsel which is hosting one of the documents above.